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North Miami council approves pilot student-loan repayment benefit for city employees
Summary
The City of North Miami approved a pilot student loan repayment program using Peanut Butter Inc., authorizing the interim city manager to execute a client services agreement; council members discussed eligibility, a $50-per-employee starting contribution and administrative rules to mirror the city—s tuition reimbursement policy.
The North Miami Mayor and City Council on Jan. 28 approved a pilot student loan repayment program that authorizes the interim city manager to execute a client services agreement with Peanut Butter Inc., a private vendor that provides student‑loan repayment administration and financial-wellness services.
The measure, brought forward by staff as Tab C, passed on a 5-0 vote after council members asked about eligibility, tax treatment and program parameters. Councilman Pierre Charles moved to approve the item; the motion was seconded by Mayor (title: Mayor). The vote was recorded as unanimous.
The program, as presented by Laura Woodley, personnel director, and a Peanut Butter representative identified in the meeting as Joseph, would pair employer contributions with a digital platform that lets employees link loans, pick…
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